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National Bureau of Statistics: the added value of industries above scale increased by 5.6% in August 2020.
Sep 15,2020 10:14CST
translation
In August, the value added of industries above scale increased by 5.6% in real terms compared with the same period last year (the following growth rates are all real growth rates excluding price factors), 0.8 percentage points faster than in July. On a month-on-month basis, the added value of industries above scale increased by 1.02% in August over the previous month. From January to August, the added value of industries above scale increased by 0.4% compared with the same period last year.
The content below was translated by Tencent automatically for reference.

SMM: in August, industrial value added above scale increased by 5.6% in real terms compared with the same period last year (the following growth rates are all real growth rates excluding price factors), 0.8 percentage points faster than in July. On a month-on-month basis, the added value of industries above scale increased by 1.02% in August over the previous month. From January to August, the added value of industries above scale increased by 0.4% compared with the same period last year.

Divided into three major categories, the added value of the mining industry increased by 1.6% in August from a year earlier and fell by 2.6% in July; the manufacturing industry grew by 6.0%, the same as in July; and the electricity, heat, gas and water production and supply industry increased by 5.8%, accelerating by 4.1 percentage points.

In terms of economic type, in August, the added value of state-controlled enterprises increased by 5.2% compared with the same period last year; joint-stock enterprises grew by 5.8%; foreign investors and Hong Kong, Macao and Taiwan business investment enterprises increased by 5.3%; and private enterprises grew by 5.7%.

In August, the added value of 29 of the 41 major industries maintained year-on-year growth. The agricultural and non-staple food processing industry decreased by 2.5%, the textile industry increased by 3.3%, the chemical raw materials and chemical products manufacturing industry grew by 6.9%, the non-metallic mineral products industry grew by 5.0%, and the ferrous metal smelting and Calendering processing industry grew by 9.2%. The non-ferrous metal smelting and Calendering processing industry increased by 4.8%, the general equipment manufacturing industry increased by 10.9%, and the special equipment manufacturing industry grew by 8.0%. The automobile manufacturing industry increased by 14.8 percent, the railway, shipping, aerospace and other transport equipment manufacturing industries decreased by 0.3 percent, the electrical machinery and equipment manufacturing industry grew by 15.1 percent, and the computer, communications and other electronic equipment manufacturing industries increased by 8.7 percent. Electricity, thermal production and supply increased by 5.9%.

From a regional point of view, in August, the added value of the eastern region increased by 6.8% compared with the same period last year, the central region increased by 5.4%, the western region grew by 4.5%, and the northeast region grew by 6.6%.

From a product-by-product point of view, 394 of the 612 products increased in August compared with the same period last year. 119.13 million tons of steel, up 11.3 percent over the same period last year; 224.89 million tons of cement, up 6.6 percent; 5.29 million tons of 10 non-ferrous metals, up 6.9 percent; 1.79 million tons of ethylene, up 8.6 percent; 2.088 million cars, up 7.6 percent, including 125000 new energy vehicles, up 31.6 percent; electricity generation was 723.8 billion kilowatt hours, up 6.8 percent; and crude oil processing volume was 59.47 million tons, up 9.2 percent.

In August, the product sales rate of industrial enterprises was 98.2%, down 0.4% from the same month last year; the export delivery value of industrial enterprises was 1.0452 trillion yuan, a nominal increase of 1.2% over the same period last year.

Main data of industrial production above scale in August 2020

 

August

January to August

Absolute quantity

Year-on-year growth (%)

Absolute quantity

Year-on-year growth (%)

Industrial added value above scale

.

5.6

.

0.4

Divided into three categories

 

 

 

 

Mining industry

.

1.6

.

-1.0

Manufacturing industry

.

6.0

.

0.9

Among them: high-tech manufacturing industry

.

7.6

.

5.6

Electricity, heat, gas and water production and supply

.

5.8

.

0.3

Classify economic types

 

 

 

 

Among them: state-owned holding enterprises

.

5.2

.

0.1

Among them: joint-stock enterprises

.

5.8

.

0.8

Foreign investors and Hong Kong, Macao and Taiwan investment enterprises

.

5.3

.

-0.7

Among them: private enterprises

.

5.7

.

1.3

Value added of major industries

 

 

 

 

Agricultural and non-staple food processing industry

.

-2.5

.

-4.2

Food manufacturing industry

.

0.5

.

0.0

Textile industry

.

3.3

.

-2.8

Chemical raw materials and chemical products manufacturing industry

.

6.9

.

0.7

Pharmaceutical manufacturing industry

.

4.3

.

2.3

Rubber and plastic products industry

.

4.7

.

-2.0

Non-metallic mineral products industry

.

5.0

.

-0.4

Ferrous metal smelting and Calendering industry

.

9.2

.

4.8

Non-ferrous metal smelting and Calendering industry

.

4.8

.

1.7

Metal products industry

.

9.9

.

0.2

General equipment manufacturing industry

.

10.9

.

1.2

Special equipment manufacturing industry

.

8.0

.

4.6

Automobile manufacturing industry

.

14.8

.

2.8

Manufacturing of railways, ships, aerospace and other transport equipment

.

-0.3

.

-2.9

Electrical machinery and equipment manufacturing industry

.

15.1

.

4.1

Manufacturing of computers, communications and other electronic equipment

.

8.7

.

7.0

Electricity, heat production and supply industry

.

5.9

.

0.5

Output of main products

 

 

 

 

Cloth (100 million meters)

thirty-two

-15.6

two hundred and twenty nine

-22.7

Sulfuric acid (100% discount) (10,000 tons)

seven hundred and twenty two

2.4

5385

-3.1

Caustic soda (100% discount) (10,000 tons)

three hundred and nineteen

15.8

2321

1.3

Ethylene (10,000 tons)

one hundred and seventy nine

8.6

1359

0.1

Chemical fiber (10,000 tons)

five hundred and twenty five

2.4

3827

-2.4

Cement (10,000 tons)

22489

6.6

144229

-2.1

Flat glass (ten thousand weight box)

8138

3.1

62309

1.0

Pig iron (ten thousand tons)

7855

5.0

58940

3.4

Crude steel (ten thousand tons)

9485

8.4

68889

3.7

Steel (ten thousand tons)

11913

11.3

84469

4.8

Ten non-ferrous metals (ten thousand tons)

five hundred and twenty nine

6.9

3989

3.3

Among them: primary aluminum (electrolytic aluminum) (ten thousand tons)

three hundred and seventeen

5.5

2430

2.3

Metal cutting machine tools (10,000 sets)

four

11.8

twenty-eight

-6.7

Industrial robot (suit)

20663

32.5

136873

13.9

Cars (ten thousand)

208.8

7.6

1403.6

-9.0

Among them: cars (ten thousand)

79.3

-2.6

528.7

-17.0

(SUV) (10,000 sports multi-purpose passenger vehicles)

72.0

9.3

473.5

-5.2

Among them: new energy vehicles (10,000)

12.5

31.6

64.2

-18.7

Generator set (generating equipment) (thousands of kilowatts)

nine hundred and ninety eight

14.4

7839

18.9

Microcomputer equipment (10,000 sets)

3426

12.0

22081

5.1

Mobile communication handset (ten thousand sets)

13120

3.5

86528

-5.8

Among them: smart phones (ten thousand)

9401

12.1

65280

3.8

Integrated circuit (100 million)

two hundred and twenty two

12.1

1588

14.6

Raw coal (10,000 tons)

32581

-0.1

245042

-0.1

Coke (ten thousand tons)

4128

2.9

31030

-1.4

Crude oil (10,000 tons)

1665

2.3

13015

1.5

Crude oil processing capacity (10,000 tons)

5947

9.2

43803

3.2

Natural gas (100 million cubic meters)

one hundred and forty two

3.7

1225

8.8

Generating capacity (billion kilowatt-hours)

7238

6.8

47728

0.3

Thermal power generation (billion kilowatt-hours)

5090

6.2

34069

-0.4

Hydroelectric power generation (billion kilowatt-hours)

1410

8.9

7634

-2.3

Nuclear power generation (billion kilowatt-hours)

three hundred and thirty two

0.9

2381

6.2

Wind power generation (hundreds of millions of kilowatt-hours)

two hundred and eighty one

18.7

2696

9.6

Solar power generation (billion kilowatt-hours)

one hundred and twenty six

2.1

nine hundred and forty seven

7.4

Product sales rate (%)

98.2

-0.4 (percentage points)

97.5

-0.5 (percentage point)

Export delivery value (100 million yuan)

10452

1.2

75211

-3.2

 

  

 

Notes

1. Index interpretation

The growth rate of industrial value added, that is, the rate of industrial growth, is an index used to reflect the degree of change in the volume of industrial production in a certain period of time. By using this index, we can judge the operation trend of the short-term industrial economy and the prosperity degree of the economy, and it is also an important reference and basis for formulating and adjusting economic policies and implementing macro-control.

Product sales rate: the ratio of sales output value to total industrial output value, which is used to reflect the connection between production and marketing of industrial products.

Export delivery value: refers to the value of products exported by industrial enterprises (including those sold to Hong Kong, Macao and Taiwan) or handed over to foreign trade departments for export, as well as the value of products produced by foreign businessmen, such as sample supplied, supplied material processing, supplied parts assembly and compensation trade, etc.

Average daily output: it is calculated by dividing the total output of industrial enterprises above the size announced in that month by the number of calendar days of the month.

2. Statistical range

The statistical scope of industries above scale is industrial enterprises with annual main business income of 20 million yuan or more.

As the scope of industrial enterprises above scale changes from year to year, in order to ensure that this year's data is comparable to that of last year, the number of the same period used to calculate the year-on-year growth rate of product output and other indicators is consistent with the statistical scope of enterprises in this period as far as possible, there is a caliber difference with the data released last year. The main reasons are: (1) the range of statistical units has changed. Every year, some enterprises reach the scale to be included in the scope of the survey, and some enterprises withdraw from the scope of the investigation because of the smaller scale, as well as the influence of new production enterprises, bankruptcy, injection (hanging) sales enterprises and so on. (2) the product output data of some enterprise groups (companies) have the phenomenon of cross-regional repeated statistics, and the cross-regional repeated output of enterprise groups (companies) is weighed according to the special survey.

3. Investigation method

Industrial production reports of industrial enterprises above scale shall be comprehensively investigated on a monthly basis (data exemption in January).

4. Division of the eastern, central, western and northeastern regions.

The eastern region includes 10 provinces (cities) of Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan; the central region includes 6 provinces (cities) of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan; the western region includes 12 provinces (municipalities and autonomous regions) of Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang. The northeast region includes three provinces: Liaoning, Jilin and Heilongjiang.

5. Industry classification standard

Implement the national economic industry classification standard (GB/T 4754-2017), see http://www.stats.gov.cn/tjsj/tjbz/hyflbz for details.

6. Revision of month-on-month data

According to the results of automatic correction of the seasonal adjustment model, the month-on-month growth rate of industrial added value above scale from August 2019 to July 2020 is revised. The revised results and month-on-month figures for August 2020 are as follows:

 

Month

Month-on-month growth rate (%)

2019

August

0.45

September

0.75

October

0.39

November

0.82

December

0.61

2020

January

-2.61

February

-24.18

March

30.59

April

1.95

May

1.31

June

1.29

July

0.98

August

1.02

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